MicroStrategy (MSTR) Raised to “Buy” at Zacks Investment Research

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MicroStrategy (NASDAQ:MSTR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Zacks.com reports. The brokerage presently has a $169.00 price target on the software maker’s stock. Zacks Investment Research‘s target price suggests a potential upside of 13.01% from the company’s previous close.

According to Zacks, “MicroStrategy Incorporated, a leading worldwide provider of business intelligence software, today announced that GT Nexus has selected MicroStrategy to power the customer-facing analytics and reporting capabilities on its Global Logistics portal. The GT Nexus portal is an on demand technology platform that is used by importers, exporters, transportation carriers, suppliers, banks, and other partners to manage goods that are moving around the world. The GT Nexus system captures and stores hard-to-get data associated with global supply chains, and then fuels a range of Web applications that can be used by constituents to lower supply chain costs and improve control. MicroStrategy will help GT Nexus to deliver a wide range of analytics and reporting capabilities to its customers, which include Home Depot, Kmart, Xerox, Weyerhaeuser, and American Eagle Outfitters. “

Several other research analysts also recently issued reports on MSTR. BidaskClub upgraded shares of MicroStrategy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 16th. ValuEngine upgraded shares of MicroStrategy from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Finally, BWS Financial began coverage on shares of MicroStrategy in a research note on Monday, February 11th. They issued a “buy” rating and a $200.00 target price on the stock. Five research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $189.67.

Shares of NASDAQ MSTR opened at $149.54 on Tuesday. The company has a market capitalization of $1.53 billion, a PE ratio of 87.96 and a beta of 0.55. MicroStrategy has a 52-week low of $115.50 and a 52-week high of $152.38.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Tuesday, January 29th. The software maker reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.85). The firm had revenue of $131.92 million during the quarter, compared to the consensus estimate of $136.42 million. MicroStrategy had a return on equity of 3.23% and a net margin of 4.52%. On average, research analysts forecast that MicroStrategy will post 2 EPS for the current year.

A number of institutional investors have recently modified their holdings of MSTR. Public Employees Retirement System of Ohio lifted its position in MicroStrategy by 48.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 253 shares of the software maker’s stock valued at $32,000 after purchasing an additional 82 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in MicroStrategy by 32.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 645 shares of the software maker’s stock valued at $82,000 after purchasing an additional 159 shares during the period. PNC Financial Services Group Inc. lifted its position in MicroStrategy by 40.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 658 shares of the software maker’s stock valued at $84,000 after purchasing an additional 190 shares during the period. Meeder Asset Management Inc. bought a new position in MicroStrategy during the fourth quarter valued at approximately $120,000. Finally, Pacer Advisors Inc. lifted its position in MicroStrategy by 110.3% during the third quarter. Pacer Advisors Inc. now owns 923 shares of the software maker’s stock valued at $130,000 after purchasing an additional 484 shares during the period. Institutional investors own 76.87% of the company’s stock.

MicroStrategy Company Profile

MicroStrategy Incorporated provides enterprise analytics and mobility software platforms worldwide. It offers MicroStrategy Consulting that provides customers with assessment, advisory, architecture, and deployment services to guide their customers in defining, developing, and delivering business analytics solutions for their enterprises across various industries; and MicroStrategy Education, which consists of classroom-based courses, instructor-led courses, recorded courses, self-paced e-learning modules, customer on-site training, and enterprise E-Courseware options for large organizations in various languages.

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